Long-Distance Logic Creigh A. Bogart and other CCIM members are using VoIP programs like Skype and Web-based applications such as Google Voice to supplement their landlines and cell phones. In the process, they're saving time and money.

International Beat Spanish clothing retailer Zara paid $324 million for the former NBA stores at 666 Fifth Avenue in New York, which will become its North American flagship store. Other international real estate deals are noted.